City Moves for 27 January 2016 | Who’s switching jobs January 27, 2016 Indigo Planning Indigo Planning has appointed of Julie White as associate. Julie joins the consultancy firm with more than 15 years’ national and regional industry experience. Much of Julie’s work has focused on delivering residential and mixed-use proposals for private developers, as well as major retail projects for a national supermarket operator. She also has experience [...]
EU referendum: Brexit debate shows diversity of business opinion January 27, 2016 The voice of the business community will be crucial in the EU referendum – but how can we know what that voice really is? To get a better idea, YouGov looked at three distinct groups, interviewing 15 leaders of FTSE 100 and FTSE 250 companies, and surveyed 42 digital entrepreneurs (in partnership with Founders Forum), [...]
Peak Apple: Sales slow at the world’s largest company as boss Tim Cook blames extreme conditions January 27, 2016 The world's biggest company, Apple, set a new record for US corporate profits last night yet warned that sales are on the verge of tumbling for the first time in over a decade. The tech giant expects revenue of $50bn (£35bn) to $53bn in the opening three months of this year, down from $58bn in [...]
Apple share price jumps on better-than-expected earnings per share but iPhone sales growth falls to slowest rate ever January 26, 2016 NULL
Apple predicts first revenue decline in over a decade as iPhone sales growth falls to slowest rate ever January 26, 2016 Shares in tech giant Apple jumped initially in after hours trading after the company revealed earnings results for the first quarter of this financial year that came in ahead of analysts’ expectations. Earnings per share hit $3.28, beating forecasts of $3.23, while revenue was $75.9bn (£52.9bn). However revenue failed to meet projections, with the rate of growth [...]
Challenger Metro Bank unveils plans for £1.9bn float as it prepares to reveal reversal of losses January 26, 2016 Metro Bank is set to unveil plans for a massive £1.9bn float, and could be listed by the end of February, according to reports. The bank is also aiming to raise £500m by selling new shares to its existing investors, which will bring the total amount raised since the bank launched in 2010 to £1.1bn. [...]
Firefighters battle blaze at Tesla factory in Fremont, California January 26, 2016 Firefighters have extinguished a blaze at the Tesla Motors factory in Fremont, California, today. There were no injuries and no damage was done to Tesla's production line as a result of the fire. A spokesperson for the tech company said: "There was a small fire this morning in an air handling unit in the ceiling of [...]
Generali boss Mario Greco leaving to take up chief exec role at rival Zurich Insurance January 26, 2016 Mario Greco, chief executive of Italian insurer Generali, is to step down at the end of his current contract, in order to take up the helm at Zurich Insurance. He will replace Tom de Swaan, who has been leading Zurich since Martin Senn quit as boss on 1 December, after the company’s attempted takeover of UK insurer RSA [...]
Take red tape burden away from UK startups January 26, 2016 As an economically-literate and highly-educated reader of City A.M., you will no doubt be familiar with the theory of “bootleggers and baptists”, coined by regulatory expert Bruce Yandle. It goes as follows – regulations are typically supported by self-styled moral crusaders (the baptists), but also by commercial interests that stand to benefit from the measures. [...]
City Moves for 26 January 2016 | Who’s switching jobs January 26, 2016 Ashurst Global law firm Ashurst has strengthened its international arbitration team with the appointment of Matthew Saunders as a partner in the dispute resolution practice, based in London. Matthew joins from DLA Piper, where he was global head of its international arbitration group and was one of the partners responsible for founding the practice. He [...]
